Packaging and paper company Yash Papers has been under the radar for most investors. It's in a low key space - paper products. The company's shareholders however include superstar investor Subramanian P, whose equity portfolio is worth over Rs. 252 crores. Yash Papers is one of the multibaggers in his portfolio - the company gained over 200% in share price over the past one year.
The founder-director, Manjula Jhunjhunwala, reportedly sold her jewellery to raise seed money for the company. As of now, the fortunes of the firm look to be on the upswing. Faizabad-based Yash Papers gained in share price last week after announcing an MOU of Rs. 73.44 crore with the UP government for expanding installed capacity by 30 million tonnes.The company also recently benefited from a classification by the UP government of its manufacturing unit as a "pioneer unit" - this expands repayment periods and loan eligibility periods for the firm.
Yash Papers reported net sales of Rs.50.96 crores for Q3FY18, as compared to Rs.46.5 crores during the same period last year. The company's net profit stood at Rs. 5.06 crores for the third quarter of FY18, compared to Rs. 1.59 crore in Q3 the previous year.